Italy, 1911, 15L King Victor Emmanuel Booklet Panes. Intact booklet, with black on blue cover, containing 2 (of original 4) panes of 6, brownish gum with a few slightly toned perfs otherwise no separations, very rare as unexploded booklet, o.g., never hinged, handsome Very Fine appearance. Scott No. 123c; $390 as stamps  Estimate $400 - 600. $0 (Image)